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Citi offers $50 free gift card with Diamond Preferred Rewards

Summary

May, 2006: For a limited time, a Citi is offering a $50 gift card for every approved application for its Diamond Preferred Rewards card.

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PRESS RELEASE

In a new promotion recently launched through a national newspaper promotion, Citi is making a truly eye-catching offer. For every approved account application for the Diamond Preferred Rewards credit customers can receive a $50 gift card.

That’s a very robust sign-up bonus compared to other incentives in the marketplace. The only other type of sweetener with that level of monetary worth is typically a mileage bonus offered by one of the major airline reward credit cards. For instance, several issuers provide a 10,000 or 15,000 mile sign-up bonus. But, with many types of airline frequent flier reward programs you may have to pay an annual membership fee to get the card.

The Citi Diamond Preferred Rewards MasterCard is part of Citi’s “Thank You Rewards” program that pays card holders 5 points for all grocery, gasoline and drugstore purchases during the first year and 1 point for all other purchases. The $50 gift card offer actually is a 5,000 Thank You Point bonus that can be immediately redeemed for a gift card, or kept on account for future redemption of cash back or merchandise rewards. If redeemed for a gift card, the $50 can be used at great restaurants such as Red Lobster, TGI Fridays, Chili’s Grill and Bar and more.

The Diamond Preferred Rewards card also features 0 percent APR on balance transfers until May 1, 2007, along with no balance transfer fees. And, you can enjoy all these wonderful reward and 0 percent APR balance transfer features without incurring an annual fee.

The only restriction involved with this offer is one of timing. It most probably won’t last indefinitely, so be sure to apply today for the Citi Diamond Preferred Rewards MasterCard to begin experiencing the Citi difference.

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